ROSSELKHOZBANK widens financing of spring field works

In February “ROSSELKHOZBANK” has financed the forthcoming spring field works for the sum of 12,8 billion rubles. As compared with February 2010 the growth of the financing volumes exceeded 13% or 1,5 billion rubles. In a whole the bank has issued the credits, meant for the spring sowing campaign, for the sum of nearly 18 billion rubles in 2011. Financing of the seasonal field works is considered one of the prior directions in the bank’s activity. Thus, the bank lowered the credit interest rates and substantially simplified the credit conditions. The Ministry of agriculture RB reports for today the credit interest rate for agrarians makes up 7,75-10% of interest per annum.